Category: Uncategorized

Saudi Re receives approvals from SAMA and Lloyd’s to proceed with Probitas Holdings (Bermuda) Deal

Saudi Re is pleased to announce receiving the required approvals from the Saudi Arabian Monetary Authority (SAMA) and also from Lloyd’s of London to proceed with the deal to purchase 49.9% of the ordinary shares of Probitas Holdings (Bermuda) Limited (PHBL). Announcement on Tadawul – 1/10/2017Announcement on Tadawul – 27/9/2017

Moody’s Maintains Saudi Re’s A3 Rating; Outlook Stable

Moody’s Investors Service «Moody’s» maintains its A3 Insurance Financial Strength Rating (IFSR) of Saudi Reinsurance Company «Saudi Re», with a stable outlook. Moody’s said Saudi Re’s A3 rating reflects its strong market position and brand in Saudi Arabia as the sole professional reinsurer in the Kingdom and its growing presence in the target markets of […]

Saudi Re Appoints New Board of Directors

Saudi Re announce the approval on the election of members of the Board of Directors for a period of three years for the period from 11/05/2020 to 10/05/2023, and their names are: Mr.Hisham Abdulmalik Al-Shaikh Mr. Fahad Abdulrahman Al-Hesni Dr. Peter F. Hugger Mr. Ahmed Sabbagh Mr. Marc Maupoux Mr. Meshari Al Hussain Mr.Jean-Luc Gourgeon […]

Saudi Re Acquires RMS Models

Saudi Re and RMS, the world’s leading catastrophe risk solutions company, announce a new agreement with Saudi Re adopting RMS models and services for a more comprehensive view across the Asian market. The agreement will enable Saudi Re to enhance risk analysis across multiple geographies including India, China, and the Philippines. Saudi Re continues to […]

The Saudi Reinsurance Company Announces the Results of the Extraordinary General Assembly Meeting including Capital… Increase, (Second Meeting)

Saudi Reinsurance Company  (Saudi Re) announces the results of the Extraordinary General Assembly meeting including Capital Increase  (the second meeting), which was held at 19:30 on 04/12/1442 H – 14/07/2021 an hour after the specified time of the first meeting due to non-completion of the quorum of the first meeting. City and Location of the […]

Saudi Re announces the receipt of the Shariyah Review Report from its Shariyah advisor

Saudi Re announces that it has received the annual Shariyah Audit Report for the year 2020 from its Shariyah Advisor on 03/08/2021. The report, reference SRE-683-03-01-03-21, contains the Shariyah approval from the Shariyah Advisor, the Shariyah Review Bureau (SRB), in line with the prior years’ reviews, on the following functions: 1. Separation of Accounts (Shareholder […]

Saudi Re wins ‘Reinsurance Company of the Year’ award at Middle East Insurance Industry Awards 2021

Saudi Reinsurance Company (Saudi Re) bagged the “Reinsurance Company of Year” Award at the prestigious 8th Middle East Insurance Industry Awards 2021 held virtually in Dubai. “Saudi Re is delighted to win the ‘Reinsurance Company of Year’ award, which recognizes the evolution of Saudi Re and reflects our client centric approach, commitment to market development and efforts […]

Saudi Reinsurance Company “Saudi Re” invites its shareholders to attend the General Assembly Meeting (First Meeting) by means of modern technology

The Board of Directors of the Saudi Reinsurance Company “Saudi Re” is pleased to invite the honorable shareholders to attend the General Assembly meeting which will be held virtually through the modern technology means via (www.tadawulaty.com.sa) link , scheduled 18:30 on Thursday 23/07/1443H corresponding to 24/02/2022, in line with the preventive and precautionary efforts and […]

Saudi Re announces board Recommendation to increase capital by offering rights issue

Saudi Reinsurance Company (Saudi Re), listed on the Saudi Exchange (Tadawul), announced on April 6, 2022 that the board of directors recommended increasing the company’s capital by 50% through a rights issue. The SR 445.5 million rights issue will increase the capital from SR 891 million to SR 1.336 billion. Accordingly, the number of shares […]

Saudi Reinsurance Company “Saudi Re” announces the start date of the electronic voting on the items of the General …Assembly Meeting

The Board of Directors of the Saudi Reinsurance Company “Saudi Re” is pleased to announce to its shareholders the start date of the electronic voting on the items of the Ordinary General Assembly meeting which will be held at 19:00 on Wednesday 10/10/1443H corresponding to 11/05/2022 In the interest of the safety of dealers in […]